CoreWeave Plans $6B Investment in Pennsylvania AI Data Center.

CoreWeave's stock rose 8% premarket after announcing plans to invest up to $6B in a new AI data center in Lancaster, Pennsylvania. The investment will support the company's growth in the AI sector.

CoreWeave Inc., a leading provider of AI computing power, has announced plans to invest up to $6 billion in a new AI data center in Lancaster, Pennsylvania. This significant investment is part of the company's strategy to expand its capacity across the United States and meet the growing demand for high-performance AI compute resources.

The new data center, set to be developed in phases, will initially operate at 100 megawatts (MW) with potential expansion to 300 MW. The facility is expected to create 600 construction jobs and 175 permanent positions, contributing significantly to the local economy [1].

CoreWeave's Chief Executive Officer, Michael Intrator, highlighted the company's commitment to scaling its cloud platform for AI. He noted that the demand for larger AI installations is increasing, with facilities now moving towards the gigawatt scale. The Lancaster data center, equipped with the latest Nvidia Corp. chips, aims to train and run the largest AI models, positioning the Mid-Atlantic region as a strategic hub for AI [2].

The announcement was made during a CEO roundtable with President Donald Trump at the Pennsylvania Energy and Innovation Summit. The event also included Pennsylvania Governor Josh Shapiro and Senator John Fetterman, underscoring the state's commitment to fostering innovation and job creation through strategic investments [3].

The investment aligns with CoreWeave's broader strategy of becoming a Wall Street favorite, with shares more than tripling since the company went public in March. The company's growth is driven by investor optimism over AI and its acquisition of data-center operator Core Scientific Inc. for $9 billion [2].

CoreWeave's plans are part of a broader $70 billion investment in AI and energy announced by the Trump administration, aimed at keeping the United States ahead of China in the race for AI leadership [2].

The Lancaster data center will be the latest addition to CoreWeave's network of 33 AI data centers, including 28 located across the United States. The company's commitment to investing in future-ready AI infrastructure hubs reflects its dedication to driving economic growth and innovation [4].

References:
[1] https://news.bloomberglaw.com/tech-and-telecom-law/coreweave-to-invest-6-billion-in-pennsylvania-ai-data-center
[2] https://www.bloomberg.com/news/articles/2025-07-15/coreweave-to-invest-6-billion-in-pennsylvania-ai-data-center
[3] https://www.investing.com/news/assorted/coreweave-announces-6-billion-ai-data-center-investment-in-pennsylvania-432SI-4134932
[4] https://www.businesswire.com/news/home/20250715975958/en/CoreWeave-Announces-Multi-Billion-Dollar-Commitment-to-AI-Infrastructure-in-Pennsylvania